Fifth Third Bancorp Has $1.59 Million Stock Holdings in Mattel, Inc. $MAT

Fifth Third Bancorp increased its stake in Mattel, Inc. (NASDAQ:MAT) by 5,608.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,322 shares of the company’s stock after acquiring an additional 107,407 shares during the quarter. Fifth Third Bancorp’s holdings in Mattel were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. increased its position in Mattel by 6.0% during the 4th quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock valued at $939,250,000 after purchasing an additional 2,678,482 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Mattel by 274.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after purchasing an additional 2,524,123 shares during the period. Norges Bank bought a new stake in shares of Mattel in the 4th quarter valued at $49,182,000. Serenity Capital Management PTE. LTD. bought a new stake in shares of Mattel in the 4th quarter valued at $47,331,000. Finally, BNP Paribas Financial Markets increased its position in shares of Mattel by 4,633.8% during the third quarter. BNP Paribas Financial Markets now owns 1,581,292 shares of the company’s stock worth $26,613,000 after buying an additional 1,547,888 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAT has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Roth Capital decreased their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Odeon Capital Group started coverage on Mattel in a research report on Thursday, July 16th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus price target of $17.33.

Mattel Stock Down 1.1%

Mattel stock opened at $14.24 on Friday. The company has a market capitalization of $4.14 billion, a PE ratio of 9.01, a PEG ratio of 1.26 and a beta of 0.74. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48. The firm’s fifty day moving average is $14.21 and its 200 day moving average is $16.08. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.04. The firm had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts predict that Mattel, Inc. will post 1.35 EPS for the current fiscal year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.